Ethereum’s validator exit queue has dropped close to zero for the first time since July, easing potential selling pressure.
Data from Beaconcha.in shows just 32 ETH in the exit queue, with a wait time of roughly one minute.
The figure marks a 99.9 percent decline from the mid-September peak of 2.67 million ETH.
At the same time, the validator entry queue has climbed to 1.3 million ETH, its highest level since mid-November.
No one wants to sell their staked ETH.
Rostyk said.
ETH exchange reserves are at ten-year lows, selling pressure is drying up and validator entry queues now far outpace exits.
Tevis said.
Analysts said falling exit activity suggests stronger long-term confidence among Ether holders.
A near-empty exit queue means validators can leave immediately without a backlog, reducing the risk of mass sell-offs.
Observers had predicted the exit queue could clear by December as staking demand strengthened.
BitMine has driven much of the recent inflows after ramping up aggressive Ether staking.
The firm has staked more than 659,000 ETH worth about 2.1 billion dollars at current prices.
BitMine holds over 4.1 million ETH, representing roughly 3.4 percent of total supply.
At the time of reporting, Ethereum price was $3,226.19.